35th WESTERN: MAY 12-16.2014 | SAN DIEGO, CA
41st EASTERN: OCTOBER 28-NOVEMBER 1.2013 | CLEARWATER BEACH, FL
ABOUT THE PROGRAM
OPEN TO EVERYONE!
Rate School is open to everyone in the regulatory policy community:
Regulatory commissioners, members of oversight boards, and other public officials
Staff members of state public utility commissions and environmental agencies
Public utility consumer and environmental advocates
Utility company personnel, analysts, and investors
Attorneys, accountants, engineers, consultants and other professionals.
The NARUC Utility Rate School is held twice a year, in the fall (Eastern - Clearwater Beach, FL) and the spring (Western - San Diego, CA). The basics of utility ratemaking are presented by program faculty members from state public utility commissions, utility companies, and the legal, consulting, and academic communities. Rate School emphasizes the fundamentals of the utility rate setting process, including how to establish revenue requirements and the basic concepts of rate design. Participants work in teams to learn the fundamentals of establishing revenue requirements and setting rates by working through a hypothetical rate case for a water utility. The program also provides insight into current issues affecting the water industry and other public utilities.
By featuring a carefully crafted mock rate case and a team approach, Rate School provides a unique hands-on educational experience. Rate School is relevant to anyone interested and involved in utility ratemaking. Specialists across all sectors – water, natural gas, and electricity – have actively participated and benefited from the School and are encouraged to attend. Although the program centers on a mock water rate case, the emphasis is actually on the core principles, concepts, and tools of rate-base/rate-of-return regulation and reatemaking—particularly accounting, finance, and economic analysis. Water and energy demonstrate technical distinctions, they have more in common than not when it comes to ratemaking. What are revenue requirements? What is reported on a balance sheet and income statement? What is included in the ratebase? How is the rate of return determined? Balance sheets, income statements, taxes, depreciation, capital structure, cost of capital, cost allocation, and rate design are common considerations for all regulated utilities. Rate School also includes a special session on energy issues
The NARUC Utility Rate School has been sponsored by the Committee on Water of the National Association of Regulatory Utility Commissioners (NARUC) since 1972. The Institute of Public Utilities at Michigan State University provides administrative support to the School. Check out photos of last year here!
Regulatory, Industry, and Consumer Perspectives
Economic Basis for Regulation
Legal Basis for Regulation
Prefiling Briefing for the Mock Rate Case
Basics of Utility Rate Setting
Choosing the Test Year
Developing the Rate Base
Getting Started on the Mock Rate Case
Balance Sheets and Income Statements
Expenses, Adjustments, and Depreciation
Corporate Finance and Cost of Capital
Ratemaking Issues for Energy Utilities
Economics of Rate Design
Summation Panel for the Mock Rate Case
Attendees will receive a certificate of attendance for the program. Continuing education credits can also be arranged attorneys (CLE), accountants (CPE), and other professionals. The Institute of Public Utilities is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37210-2417. Website: www.nasba.org. IPU-MSU will apply for accreditation or registration of the program. Application does not guarantee approval.
Don't just take our word for it, hear what past Rate School attendees think about the program.
"I had the opportunity to attend this week-long course and learned many aspects of energy/utility ratemaking, including the mechanics of the ratemaking process, as well as principles of ratemaking law, policy, economics, and accounting. The faculty is extremely knowledgeable, helpful, and presented diverse viewpoints."
"We found the utility rate school to be an intense and a thorough immersion into the regulatory process. The comprehensiveness of the program provided us with a depth of knowledge that we will be able to integrate into our everyday job duties. The most impressive part of the program was the faculty, particularly their ability to explain the most complex topics in understandable terms. We appreciate the time they all took from their schedules to share their tremendous knowledge with us."
"As a new regulator, educational training is critical. Rate School provides an outstanding resource. By assembling a select yet diverse group of experts from academics, the regulatory community, and industry, the IPU-NARUC programs provide cutting edge presentations while teaching the basic 'need to know' fundamentals of utility regulation.
"I felt that the school was a tremendous learning experience for me, especially as a new Commissioner. The interaction with staff and other participants was extremely beneficial … a totally worthwhile experience."
“The Rate School is not just about learning the mechanics of ratemaking, but, more importantly, gives attendees an opportunity to understand the perspectives of the various players involved in setting utility rates. The effective mix of presentations by expert speakers and the use of group exercises resulted in an outstanding learning experience.”
“All presentations were insightful, informative, and most importantly engaging.”
“Program faculty was a great help to my group.”
“Overall this was a very good experience and the knowledge gained will be useful in my day to day activities. I walked away with a better understanding of the water utility industry.”
“I really learned a lot this week. I think the Rate School is an incredible tool for training commission staff. Thank you for all your hard work.”
“The group work is invaluable. It promotes hands-on discussion on the issues and benefits those who may be lost on some of the accounting concepts.”
We consider public sector attendees to be individuals who are directly employed by the local, state, or federal government, or individuals that are an employee of a recognized non-profit organization.
Discounts may be available to organizations registering large groups. Please contact IPU for more information. Cancellations less than 3 weeks prior to a program may result in a $150 cancellation fee; cancellations less than one week prior to a program will be billed at full cost. Substitutions are accepted at any time. IPU may offer reduced fees under limited circumstances,including academic enrollment and personal financial hardship (e.g., unemployment or low income; fee reduction may be requested by letter and proof of income may be required).
Western Utility Rate School
Coronado Island Marriott
2000 Second Street
Coronado, CA 92118
619.435.3000 | 1.800.228.9290 Conference Rate: $180/night Cut-off Date: April 18, 2014 Block Name: NARUC Hotel Website | Make Reservation Online
Institute of Public Utilities. Owen Graduate Hall 735 E. Shaw Lane, Room W157, East Lansing, Michigan 48825. 517.355.1876 | 517.355.1854 (fax) email@example.com
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